Corporate Results of over 2500 companies Sunday, January 23, 2000
fesub.gif (4328 bytes)
Full Story
fe.gif (834 bytes) flnews.gif (5153 bytes)
Search FE
-
Download
BSE Quotes
NSE Quotes
-
Think Tank
This week we focus on a complete analysis of the
internet backbone industry
-
 

Watch out for Indian Swatch designs next 

Pummy Kaul  
New Delhi, Jan 20: Flush from the premier of its first Bollywood premier for Phir Bhi Dil Hai Hindustani Swatch, the flagship brand of the SFr 3.35 billion Swatch Group announced that it is going to continue its relationship with the Bollywood industry and also with some renowned artists and painters of the country.

The company, according to Ravi Thakran, regional general manager-south Asia, Swatch Group, Singapore, will work closely with the Indian film directors, actors and artistes to develop new product concepts and creative campaigns for the Swatch brand. Thakran was not willing to divulge more details about the project.

Swatch, it may be recalled, announced its entry on Wednesday into India through the promotion of its brand in PBDHH, the maiden production of Dreamz Unlimited-an entertainment venture floated by Shah Rukh Khan, Juhi Chawla and Aziz Mirza. Despite the excitement around the film's promotion in Delhi and Mumbai, Swatch's entry into India is being dubbed a `soft launch' as the Swiss watch major's distribution network is not in place. According to the company, the brand will make a full-fledged entry into the country only in September 2000.

The company will unleash its international ad campaign-both in electronic and print media-around the same time. Immediately, however, Swatch will begin brand-building with some unconventional marketing initiatives. For instance, the company is going to aggressively cash in on the Valentine's Day to promote its Rose Swatch watch, which is also promoted in PBDHH.

Priced at Rs 1,450 and above, Swatch watches are targeted at the youth and the fashion conscious women and men in their 30s and 40s. The brand hopes to sell over a million watches annually and emerge as a leader in the price segment.

On a screen near you
The Swatch Group has tied up with the Delhi-based PVR group for distribution of its Swatch watches. In Delhi, for instance, the PVR Priya theatre, a happening place in the city, will host one of the two exclusive Swatch showrooms in the metro. ``PVR will handle distribution of Swatch watches wherever they open a cineplex,'' said Ravi Thakran, regional general manager-south Asia, Swatch Group, Singapore.

The distribution strategy, according to Stephen Ritzmann, brand manager, Swatch, will be focused top-down. Starting with the two metros-Delhi and Mumbai -- Swatch will open at least two exclusive outlets in each, then target all the top metros and finally, extend reach to the smaller towns. Besides exclusive Swatch outlets, the Swiss major plans to make its brand available at have over 100 retail outlets across the country over the next four to five years.

Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.

- Lead Stories | Corporate | Infrastructure | Commodities | Economy/Finance | BSE Today | NSE/ Markets | Strategy | Convergence | After Hours top.gif (150 bytes)Top
flame.jpg (1068 bytes) © Copyright 1999: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the world.
This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of
The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.